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Accessing funds at retirement

In general, you won’t be able to access your KiwiSaver savings until you reach the age of eligibility for New Zealand Superannuation, currently 65. Find out more about your KiwiSaver options at 65

You may be able to withdraw your savings earlier in these circumstances, if you meet the relevant early withdrawal criteria:

How much can you withdraw at retirement?

You’ll be able to withdraw all your member, employer and government contributions. These withdrawals are tax-free.

You don’t have to withdraw all of your KiwiSaver savings. You can choose how you would like your money to be paid, e.g. a one-off lump-sum payment or regular withdrawals to supplement your income.

What your options are

Set up a regular withdrawal

This is a convenient way to manage your money and supplement your pension or any other retirement income you have. You can choose an amount and payment frequency that works best for you, subject to the minimum withdrawal amounts. All withdrawals are tax-free.

Take lump sum withdrawals whenever you want

Keep your money working hard in your BNZ KiwiSaver Scheme account and use it to meet any one-off expenses by making withdrawals as and when you need to. All withdrawals are tax-free.

Withdraw all your savings

You can choose to withdraw all your savings and government contributions in one go. If you choose this option, we’ll close your BNZ KiwiSaver Scheme account for you.

Leave your retirement savings in your BNZ KiwiSaver Scheme account

If you don’t need your money straight away, you can keep it where it is and we’ll continue to manage it for you.

Your savings will continue to be invested by professional investment managers and you can still make lump sum or regular contributions to grow them further. However you will no longer be eligible for government contributions, and your employer can also choose to stop making contributions.

Withdrawing all or part of your KiwiSaver savings

  1. Fill in the BNZ KiwiSaver Scheme retirement withdrawal application form PDF 132KB.
  2. Take it to a Justice of the Peace, a solicitor of the High Court of New Zealand, notary public or another person authorised to complete the statutory declaration section of the form.
  3. Then you can choose to drop your completed form into any BNZ branch, email it to, or send it to:

Freepost BNZ KiwiSaver Scheme
Private Bag 92208
Auckland 1142
New Zealand.

Contact us for more information

If you would like more information about your options, or you need any help completing the withdrawal form, call us on 0800 269 5494 or email